Weekly Recap: Hope Prevails!

NIFTY 50.2012-06-04.2012-06-08

The NIFTY ended on a bullish note, shooting up +4.02% for the week.
Biggest losers were DRREDDY (-0.60%), RANBAXY (+0.10%) and CIPLA (+0.49%).
And the biggest winners were RELINFRA (+18.50%), LT (+17.31%) and STER (+12.03%).
Advancers lead decliners 48 vs 1
Gold: +0.75%, Infrastructure: +4.67%, Banks: +4.45%.

Hope of a Spanish bank bailout, Greek elections going the right way and QE3 coming out of the US prevailed… for now.

Daily news summaries are here.

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